2 1,000,000 ? Cara Company provided the following information for the current year: January 1 December 31 Current assets 500,000 Property, plant, and equipment 3,000,000 4,000,000 Current liabilities 300,000 Noncurrent liabilities All assets and liabilities are reported at year-end. Working capital of P600,000 remained unchanged. Net income for the current year was P400,000. No dividends were declared during the year and there were no other changes in shareholders' equity. 1. What is the amount of current assets on December 31? a. 900,000 b. 300,000 c. 600.000 d. 450,000 2. What is the shareholders' equity on December 31? a. 2,800,000 b. 2,400,000 c. 2,500,000 d. 3,500,000 3. What is the amount of noncurrent liabilities on December 312 a. 2,400.000 b. 1,300,000 c. 1,800,000 d. 2.100,000